India likens cryptocurrencies to Ponzi scheme, cautions investors

NEW DELHI (Reuters) - India's finance ministry on Friday cautioned investors about the risks of trading in cryptocurrencies such as bitcoin, saying digital currency investments are like "Ponzi schemes."

NEW DELHI (Reuters) - India's finance ministry on Friday cautioned investors about the risks of trading in cryptocurrencies such as bitcoin, saying digital currency investments are like "Ponzi schemes."